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Dairy & Ruminant

October 14, 2019
                                              
China Lysine Weekly: Market shows signs of strengthening (week ended Oct 14, 2019)
 
An eFeedLink Exclusive
 

Price summary
 
Prices were stable to higher.
 
Price quotes of 98.5-percent lysine were higher in the range of RMB6.50-8.50/kg. The average price of lysine rose to RMB7.20/kg.
     
Price quotes of 70-percent lysine remained in the range of RMB4.20-4.50/kg.
 
For imported 98.5-percent lysine, transacted prices were at RMB8.4- 10.40/kg.
 

Weekly transacted prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of
Oct 14
(RMB/kg)

Price as of
Oct 7
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

6.50

6.50

0.00

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

6.80

6.80

0.00

Liaoning

Shenyang

8.50

7.40

1.10

-

Beijing

7.30

7.30

0.00

-

Average

7.20

7.02

0.18

 

Weekly prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of
Oct 14
(RMB/kg)

Price as of
Oct 7
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.40

8.40

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.20

9.20

0.00

Liaoning

Shenyang

10.40

9.30

1.10

-

Beijing

9.45

9.45

0.00

-

Average

9.31

9.13

0.18

Prices are for reference only.
RMB1=US$0.1415 (Oct 14) 

 
 
Market analysis
 
Lysine market was quiet during the first week of October due to the long holidays. After the hiatus, demand for lysine showed signs of strengthening as availability tightened due to low production volumes.  Moreover, feed producers were more confident to place orders as the hog market was set to stay robust.
 
In Europe, price quotes were unchanged at EUR1.20/kg.
 
 
Market forecast            

As most producers have limited stocks to offer while cutting output, prices of lysine are poised to stay firm. However, even as hog feed producers increase stockpiles, the low population of hog will limit the usages of lysine, hence moderating the price rise.
 

 

 


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